Quotes of All Topics . Occasions . Authors
When I was in Philadelphia during the Depression in 1930 or '31, I got a very sad job as a night watchman in a garage. The cars in the garage had been abandoned by their owners, since they had lost their jobs and couldn't keep up the payments.
It turns out that American Express honors recurring payments even if the vendor is unable to supply an accurate card number and expiration date. An Amex phone representative said this is a feature, not a bug, which makes sure my bills are paid.
As economists bandy about terms like 'recapitalization,' 'credit lines,' and 'liquidity,' families are facing brutal cuts to their social services and welfare payments, losing their homes, wondering how their kids will make their way in the world.
The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.
The two largest oil-producing countries in Latin America, Mexico and Venezuela, sold petroleum to Nicaragua at concessional rates for several years beginning in 1980. The program was curtailed because Nicaragua could not make even reduced payments.
Why is it that Michael Flynn, who evidently has a great relationship with Putin, who has received payments for so-called speeches and who's spent a lot of time in Russia and was accused of talking about sanctions, he lied about it, and he got caught?
As soon as I understood what was going on in San Francisco, which was in 1965 and '66, I immediately left Chicago where I was working in a nightclub that was being shaken down by the mafia and the police for payments. I mean, it was a real thug world.
All but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives making interest payments on a debt tally that never seems to budge. Whatever wealth we have, in labor, property or cash, is suctioned to the top.
A universal basic income means not only that millions of people would receive unconditional cash payments, but also that millions of people would have to cough up thousands more in taxes to fund it. This will make basic income politically a harder sell.
As borrowers, we may feel guilty about running up debt, anxious about making payments, and resentful of the constraints that old obligations (and old credit records) impose on our current choices. We may find it too easy to buy things we may later regret.
Because of lower life expectancy in Scotland - something that we are working hard to improve - the average woman will get £11,000 less in pension payments than counterparts in the rest of the U.K., even though she will pay exactly the same in contributions.
Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.
Sequestration will make it extremely challenging - and in many cases impossible - for employees to meet their mortgage payments, pay their healthcare expenses, plan for retirement, or help their children attend college. To be blunt, these families are at risk.
If I had known how hard it would be to do something new, particularly in the payments industry, I would never have started PayPal. That's why nobody with long experience in banking had done it. You needed to be naive enough to think that new things could be done.
PayPal, which was founded in 1998, may be the closest thing to a global currency that has ever been created. Based in San Jose, California, the company operates in 190 markets, sending and receiving payments in 24 currencies on behalf of 90 million active members.
The things to watch are whether the country's borrowing costs are rising, whether its budgetary allotment for payments on the debt is increasing, and whether it is spending on good priorities. Those big, scary debt numbers are not as big and scary as they used to be.
You can't sing about the same things as you did when you were 20; it would be ridiculous to sing about, I don't know, being in the quad. You can't really write about mortgage payments or stuff like that... but you can talk about 'let's make the world a better place.'
I'm lucky because my dad taught me to be frugal and save. And that's important because I want to know that I don't have to take an acting job for two or three years if I don't want to and that I'll still be able to make my house and car payments and buy food for my dogs.
It is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as in the Greek case, this isn't only allowed, but it's also in Germany's interest. We all benefit by ensuring the stability of the euro zone.
The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That's going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren't so crazy about us, and change many, many parts of what goes on here.
Lordy, lordy, lordy do I love money. It is a character flaw, no doubt, one that springs from a panicked childhood in which I always felt as if our family was only a couple missed child support payments from being tossed onto the pitiless streets of our suburban New Jersey town.
The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. Despite the institutional risks and the lack of clear legal authority, we assume that Treasury will attempt to prioritize payments in a last-ditch effort to avoid default.
The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses; increased transfer payments, like unemployment insurance; and increased direct government spending, like infrastructure investment.
As I've long said, the farm bill is in need of major reform. At first chance, I voted to remove direct payments. Both the House and the Senate passed bills that end direct payments, and as we move forward, I hope we can work out the rest of the issues to implement the necessary reforms.
XRP is a digital asset that exists on the XRP ledger, one of the open-source products created by Ripple. XRP is a pivotal component of the Internet of Value, since it solves a key point of friction: the pre-funding of nostro/vostro accounts necessary to facilitate cross border payments.
High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced.
We would go to visit a wholesaler, say in Napoli. We would go out, have a very long lunch, mozzarellas, wine. We would reach an agreement. And then the client would pay with a cheque that was postdated by six months, nine months. They were financing themselves by delaying their payments.
As New York's United States Senator, I promise to reinstate the Moynihan 'Fisc Report' and work every day to address the imbalance of payments, first by focusing on reducing the amount of taxes we send to Washington, and second, by ensuring that funding formulas don't disadvantage New York.
If you're doing something like scheduling utility payments to come through your debit card or out of your personal checking account, that's perfectly fine. But there are much safer ways to handle situations with debt collectors. You can send a money order overnight, or wire the cash to them.
The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.
With PayPal, you have to send people over to their website... whereas with Stripe, we offer a way to integrate payments into the website, on the website or into a mobile app. That is what all the best businesses care about, so we make it very easy, very fast, very simple and very cheap to do this.
Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that.
In the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out.
Once again, the 'New York Times' has chosen to purposefully ignore facts and professional journalism to fit their political agenda, choosing to attack my character and reputation rather than present an honest report. The suggestion that I accepted cash payments is unfounded, silly, and nonsensical.
I would like here to announce to all Indonesian Muslims that I, as a private citizen, am prepared to take charge of the massive national effort of zakat collection... From now on, I am personally willing to receive zakat payments made in the form of money orders from every single Muslim in the country.
One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits - a total of $3.8m on a $120,000 investment.
Escrow accounts are an important tool for homeowners to the reduce the risk of mortgage default on high-priced loans. Millions of Americans, including my wife and I, utilize these accounts to make monthly payments towards the annual financial obligations that come with homeownership like taxes and insurance.
Many, including the Canadian and U.S. governments, try to provide family support while also maintaining a hard line about further fuelling terrorism and hostage-taking through ransom payments ... Still, try telling that to a mother, or a father, or a husband or wife caught in the powerless agony of standing by.
This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
The focus around Circle China is really cross-border payments. If I'm a parent in China and my son is studying at London Business School, I might want to send 500 RMB. I should be able to do that and have my child instantly receive it as pounds sterling, in the same way people do that with instant messages today.
Early childhood offerings vary, but everywhere in Europe and in Canada, they're far more generous than in the United States. Ukrainian dads may not change enough diapers, but their government offers paid maternity leave; practically free preschool; and per-baby payments equivalent to eight months of an average salary.
When you're in your 20s, you're a little more carefree; you're single. You have a very different way of looking at the world and experiencing the world. But later in your 30s, when you have children, a career, career obstacles, mortgages, car payments and relationships, you have to negotiate; that's a very different life.
We have revenue coming in. We can pay our interest payments. And then we can prioritize what government programs that have been given to the American people that are unsustainable promises that have been made by reckless politicians that can't possibly be sustained. We can determine which one of those if any we need to keep.
If the big banks expect to buy influence when they give money to favored think tanks, then the public has a right to know. If the big banks don't expect to buy influence and are merely making charitable contributions, then their shareholders have a right to know. Either way, there's no excuse for keeping these payments secret.
Customer-driven innovation was at the core of Intuit's first product, 'Quicken,' and it continues to guide us as we look to solve new problems in areas like mobile payments. Products like Intuit 'GoPayment' and the IntuitPayment Network are helping small businesses get paid faster, keeping cash flow strong and their business healthy.
Without in any way minimising the economic and psychological blow that people experience when they lose their jobs, the unemployed in affluent countries still have a safety net, in the form of social security payments, and usually free healthcare and free education for their children. They also have sanitation and safe drinking water.
State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale.
The Holocaust survivor who knows Auschwitz through the experience of suffering observes it all from the perspective assigned to him. He keeps silent or gives interviews to the Spielberg Foundation, he accepts the compensation payments promised him after a fifty-year delay, or, if he is prominent, he makes a speech in the Swedish Academy.
Full financial citizenship means more than just a savings account and a way to transfer money and pay bills. It also requires access to credit along with the ability to accept payments and run a business, send money to family or transact business across borders, contribute to the community and help others in need, and invest for the future.
If our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'